The second phase of Damac Riverside has been launched and is being presented as one of the most affordable townhouse projects currently available in Dubai.
The project combines apartments with a townhouse community and is situated in a strategic location close to Al Maktoum International Airport.
View all project details for Damac Riverside here.
Damac is the largest private real estate developer in Dubai and is known for a wide range of completed projects spread across the city. Although the company has faced delays and varying quality in the past, a clear improvement in quality has been visible in recent years under the leadership of a new CEO.
The payment structure for this project is 75-25. Buyers pay a 20% down payment plus the 4% Dubai Land Department fee, followed by 1% per month for five months and then 5% every sixth month until handover. The remaining 25% is paid upon completion, which is expected in approximately four years.
Starting prices are 2.7 million AED for a four-bedroom townhouse and 3.7 million AED for a five-bedroom townhouse.
Scarcity of Townhouses in the Dubai Market
Only 15% of the real estate supply in Dubai consists of townhouses and villas, while 85% is made up of apartments. This creates a high degree of scarcity, leading to significant demand for larger homes. According to recent market developments, similar Damac projects, such as Damac Lagoons, have shown considerable value appreciation. A four-bedroom townhouse sold in 2022 for 1.6 million AED had a value of approximately 3 million AED in 2025, an increase of nearly 100% in just three years.
The combination of limited availability, strong demand, and Damac’s reputation means that Riverside is attracting a lot of interest. In the current reservation phase, demand is high and the chance of securing a unit without a prior reservation is small.
Edward Clarke is a seasoned property expert with extensive experience in international real estate investment, with a particular focus on Dubai’s fast-growing property market. Drawing on both personal investment experience and years of client advisory work, he helps investors make informed, realistic decisions when purchasing apartments, villas or off-plan developments in Dubai. With a pragmatic mindset, a sharp focus on returns and a strong commitment to transparency, Edward is a trusted point of contact for anyone considering a property investment in Dubai.
